HP Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - HP Inc. (HPQ) released a profit for first quarter that fell from the same period last year.

The company's profit came in at $0.7 billion, or $0.46 per share. This compares with $0.8 billion, or $0.51 per share, in last year's first quarter.

Excluding items, HP Inc. reported adjusted earnings of $1.0 billion or $0.65 per share for the period.

Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.7% to $14.6 billion from $14.7 billion last year.

HP Inc. earnings at a glance:

-Earnings (Q1): $1.0 Bln. vs. $0.8 Bln. last year. -EPS (Q1): $0.65 vs. $0.52 last year. -Analysts Estimate: $0.54 -Revenue (Q1): $14.6 Bln vs. $14.7 Bln last year.

-Guidance: Next quarter EPS guidance: $0.49 to $0.53 Full year EPS guidance: $2.33 to $2.43